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GoGold Resources Inc T.GGD

Alternate Symbol(s):  GLGDF

GoGold Resources Inc. is a Canada-based silver and gold producer. The Company is principally engaged in the exploration, development, and production of silver and gold in Mexico. It is focused on operating, developing, exploring and acquiring projects in Mexico. The Company operates the Parral Tailings mine (Parral) located in the state of Chihuahua, Mexico, and the Los Ricos district exploration property (Los Ricos), which includes two projects approximately 25 kilometers apart - Los Ricos South (LRS) and Los Ricos North (LRN), which are located in the state of Jalisco, Mexico. The Parral tailings Project is within the town limits of Hidalgo del Parral, in the State of Chihuahua, Mexico, which covers approximately 141 ha. The Los Ricos property is made up of 45 concessions and covers over 25,000 hectares, which is located roughly 100 km northwest of the city of Guadalajara and is easily accessible by paved road.


TSX:GGD - Post by User

Bullboard Posts
Comment by ValuKingon Sep 27, 2017 6:46pm
42 Views
Post# 26750916

RE:RE:RE:RE:Quarterly Production

RE:RE:RE:RE:Quarterly Production100% spot on.

Selling a company's stock that is near all-time lows who now has tons of cash, a profitable and cash flow positive operation, and who is ramping production to maximum output is the wrong thing to do.

My belief is that it will take two more quarters of production results to really get the stock back to a somewhat fair value ($0.90 - $1.00), with the pro-forma clean balance sheet and strong book value per share visible in actual financials. By the time the December quarter's production is released (beginning of Jan) the stock should be at or above the $1.00 mark. After we see September production, I think we will start to see the stock heading in that direction.

I am also in accumulation mode at these ridiculously cheap levels.

Look at it this way for a worst case scenario...should the stock continue to fall and get cheaper and with the cash we will be receiving once SG sale closes and paying off all of our debt, we would be a PRIME takeover target for a silver producer such as Great Panther, Silvercorp, Endeavour or Americas Silver (these are 4 of of 10 comparables listed on their slide presentation), since our lone asset after SG closes is a profitable, cash flow positive, Parral.
Bullboard Posts